Berkshire Global has been a registered broker dealer since 2003
Home / transaction / Berkshire Global Advisors acted as financial advisor to Portola Partners Group LLC
Berkshire Global Advisors acted as financial advisor to Portola Partners Group LLC
  • has been acquired by
  • Berkshire Global Advisors acted as financial advisor to Portola Partners Group LLC

  • Date: September 2021
  • Sector: Wealth Management
  • Region: North America
  • Seller AUM: $5.2 Billion
  • Seller Details:
    Portola Partners provides sophisticated investment advice and integrated comprehensive planning to respected families, foundations and endowments, many of whom have made and continue to make significant contributions to the world. The firm is distinguished by the quality and experience of its team. Senior team members have worked closely together for over a decade and lead a group of almost 30 professionals. Headquartered in the heart of Silicon Valley, Portola serves clients in the San Francisco Bay Area and across the United States.

    Buyer Details:
    CI Financial Corp. is an independent company offering global asset management and wealth management advisory services. CI managed and advised on approximately C$320.4 billion (US$253.9 billion) in client assets as of August 31, 2021. CI’s primary asset management businesses are CI Global Asset Management (CI Investments Inc.) and GSFM Pty Ltd., and it operates in Canadian wealth management through CI Assante Wealth Management (Assante Wealth Management (Canada) Ltd.), CI Private Counsel LP, Aligned Capital Partners Inc., CI Direct Investing (WealthBar Financial Services Inc.), and CI Investment Services Inc.

    CI’s U.S. wealth management businesses consist of Barrett Asset Management, LLC, BDF LLC, Bowling Portfolio Management LLC, Brightworth, LLC, The Cabana Group, LLC, Congress Wealth Management, LLC, Dowling & Yahnke, LLC, Doyle Wealth Management, LLC, One Capital Management, LLC, Radnor Financial Advisors, The Roosevelt Investment Group, LLC, RGT Wealth Advisors, LLC, Segall, Bryant & Hamill, LLC, Stavis & Cohen Private Wealth, LLC, and Surevest LLC.

    CI is listed on the Toronto Stock Exchange under CIX and on the New York Stock Exchange under CIXX.

    Transaction Summary:
    With this transaction, CI expands its presence into the San Francisco Bay Area, an important region of technology-driven wealth creation. Following the completion of this and other outstanding transactions, CI’s U.S. wealth management assets are expected to reach approximately US$82 billion (C$103 billion), with CI’s total assets globally reaching approximately US$263 billion (C$331 billion).